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And vehicle owners often choose to leave their ride at home, opting instead for a fixed-price motorcycle that can zip through Jakarta's epic traffic congestion - at a bargain-basement prices.

Analysts from Essence Securities said in a note that the A-share market is approaching the tipping point at which it transitions from a bear market to a bull market. Although the price earnings ratio has been up from that registered at the end of last year, most of the industries are still undervalued. Therefore, there is still room for further pickup of A shares in the long term.

And this year's Annual Economic Work Conference put opening-up high on the agenda: The country will aim for more open and inclusive growth that can be shared by all around the world.

Analysts warned that the US risks underestimating China's capability to hit back if it continues to impose tariffs on more Chinese goods.

Analysts said the profit decline was probably due to the acquisition of a smaller money-losing brokerage Guangzhou Securities.